BitMEX gets a reference to the British financial Supervisory

The Financial Conduct Authority warns the citizens of the United Kingdom, to avoid the Bitcoin derivatives platform. Bitmex advertises his services, allegedly without sufficient approval.

The Financial Conduct Authority, the British financial regulatory authority, has warned that you are suspected of Bitmex, the popular trade platform for Bitcoin derivatives with headquarters in Hong Kong, to advertise their services is illegal for British citizens and to allow them the trade.

“We believe that this company has offered, without our approval financial services or products in the UK”,

it was said in the statement, which was released on Tuesday. She warned the Public to continue to be in dealing with the company, “particularly carefully”.

Any company offering financial products to UK citizens, must be in the FCA register. “Some firms act without our authorisation and some knowingly, investment fraud,” the Agency said.

On the basis of the information available to us, we believe that it carries on regulated activities which require a permit.

Bitmex said late Wednesday that they have tried to clarify the matter: “We work closely with our consultants, to assess the Situation,” said a spokesman

There is nothing more that we could add to this time.

All the FCA-registered firms are listed in the financial services register. Bitmex is not listed in the list. Who makes with not in the FCA registered company shops, loses access to the Financial Ombudsman Service in the country, has the power to resolve commercial disputes.

The communication from the FCA comes hours after a similar, but erroneous warning from the Agency in front of Kraken, a cryptography trading platform with headquarters in San Francisco. The Agency has removed the warning, however. The Link now shows a blank page.

You have made a mistake and fixed it,

Kraken CEO Jesse Powell said.

It seems that some scams that pretend to have been reported to be a Kraken.

Kraken operates in the UK is legal in the FCA registered cryptographic facilities in London. The Bitmex warning comes less than two months after the announcement of the FCA, a strict new set of rules for crypto-currency transactions. Since the 10. January, the Supervisory authority monitored the activities to combat money laundering and the financing of terrorism for crypto transactions.

According to an official announcement at this time, the FCA said:

We will monitor compliance with the new rules by the company to proactively and quickly take action if the companies comply with the desired Standards and risks to the integrity of the market cause.

Bitmex is a Peer-to-Peer trading platform, allowing traders positions against each other on crypto Futures and Swaps to take. The platform settles exclusively in Bitcoin. Bitmex was founded in 2014 by Arthur Hayes, Ben Delo and Sam Reed, and is owned by HDR Global Trading Limited, which is registered in the Seychelles – a Region well-known for is little regulated.

The platform provides up to 100 times leverage on your product Bitcoin Perpetual Swap, which means that even a small movement of the Bitcoin price can lead to a total loss. Hayes has referred to the private investors – the main customers of Bitmex – jokingly as a “degenerate gambler”. In the terms and conditions of Bitmex the United Kingdom is not listed as a restricted country, in contrast to the United States.